Funding Societies raises US$27 million in debt funding from institutional investors to bridge credit gap for SMEs in Southeast Asia
Summary
Despite reports of increased access to credit for consumers, 39 million MSMEs in the region still face challenges to financing, according to the United Nations Capital Development Fund, this gap amounts up to . In its mission and commitment to giving a fair opportunity for these businesses, the company has begun offering solutions beyond lending, such as payments and collections with the ambition of solving cash flow management challenges faced by SMEs. "With a strong focus on personalised and holistic financial strategies, ACP serves as a family office for its ultra-high-net-worth clients, ensuring the preservation and growth of generational wealth. Having known Funding Societies since its inception, ACP sees the company as a core partner in providing credit access to SMEs in the region which would continue to be the case through its private debt vehicle for its family office clients.On the other hand, Orange Blooms business is heading in a direction to broaden its scope and has transitioned to being a champion of sustainable causes. AlteriQ is dedicated to building a fully integrated financing ecosystem as a capital partner with regional presence, proprietary network of relationships, and risk management expertise.
Funding
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